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Objective
- To assist MSME enterprises reduce their burden of capital procurement.
Key Benefits
- For micro manufacturing enterprises, a 25% subsidy on plant and machinery cost, up to INR 25 lakh.
- For small and medium enterprises, a 25% subsidy on plant and machinery cost, up to INR 150 lakh.
Eligibility Criteria
- A new micro manufacturing enterprise established anywhere in the state.
- A micro manufacturing enterprise that has undertaken substantial expansion/diversification.
- A new agro-based or food processing manufacturing enterprise located in one of the 388 blocks (excluding Chennai Corporation).
- An agro-based or food processing manufacturing enterprise in the 388 blocks that has undertaken substantial expansion/diversification.
- A new small or medium manufacturing enterprise set up in backward blocks or industrial estates, excluding those within 50 km of Chennai.
- A small or medium manufacturing enterprise in backward blocks or industrial estates that has undertaken substantial expansion/diversification, excluding those within 50 km of Chennai.
- Application must be filed within 1 year from the start of commercial production.
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